Prime Minister David Cameron used his speech to the World Economic Forum in
Davos to call for international cooperation in tackling tax evasion.

"I am a low-tax conservative but I'm not a companies-should-pay-no-tax Conservative. Individuals and businesses must pay their fair share."

"Any businesses who think that they can carry on dodging that fair share or that they can keep on selling to the UK and setting up ever-more complex tax arrangements abroad to squeeze their tax bill right down.

"Well, they need to wake up and smell the coffee because the public who buy from them have had enough," Mr Cameron said.

"Speaking out is not anti-capitalism, or anti-business. If you want to keep tax rates low you have to keep taxes coming in."